In this act: (1) "Business" includes every trade, occupation and profession. (2) "Debtor in bankruptcy" means a person who is the subject of: (i) An order for relief under title 11 of the United States Code or a comparable order under a successor statute of general application; or (ii) Comparable order under federal, state, or foreign law governing insolvency. (3) "Distribution" means a transfer of money or other property from a partnership to a partner in the partner's capacity as a partner or to the partner's transferee. (4) "Execution" means any signature, mark or symbol affixed to a writing with the intent to authenticate the writing. It includes an electronically transmitted signature or symbol. (5) "Foreign limited liability partnership" means a partnership that: (i) Is formed under laws other than the laws of this state; and (ii) Has the status of a limited liability partnership under those laws. (6) "Legal entity" means an association of one (1) or more persons created pursuant to statute for the purpose of transacting business, whether for profit or otherwise. It includes, but is not limited to, a corporation, a limited liability company, a partnership or a limited liability partnership. (7) "Limited liability partnership" means a partnership that has filed a statement of qualification under section 53-3-1001 , Idaho Code, and does not have a similar statement in effect in any other jurisdiction. (8) "Partnership" means an association of two (2) or more persons to carry on as co-owners a business for profit formed under section 53-3-202 , Idaho Code, predecessor law, or comparable law of another jurisdiction. (9) "Partnership agreement" means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement. (10) "Partnership at will" means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking. (11) "Partnership interest" or "partner's interest in the partnership" means all of a partner's interests in the partnership, including the partner's transferable interest and all management and other rights. (12) "Person" means an individual, corporation, business trust, estate, trust, partnership, limited partnership, association, joint venture, limited liability company, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity. (13) "Property" means all property, real, personal, or mixed, tangible or intangible, or any interest therein. (14) "State" means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession subject to the jurisdiction of the United States. (15) "Statement" means a statement of partnership authority under section 53-3-303 , Idaho Code, a statement of denial under section 53-3-304 , Idaho Code, a statement of dissociation under section 53-3-704 , Idaho Code, a statement of dissolution under section 53-3-805 , Idaho Code, a statement of merger under section 53-3-907 or section 30-18-205 , Idaho Code, a statement of qualification under section 53-3-1001 , Idaho Code, a statement of foreign qualification or an amendment or cancellation of any of the foregoing. (16) "Transfer" includes an assignment, conveyance, lease, mortgage, deed and encumbrance.
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